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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Why 2U Stock Soared 25% This Morning

Rich Smith, The Motley Fool
·2 min read
Why 2U Stock Soared 25% This Morning

Shares of 2U (NASDAQ: TWOU) exploded higher on Friday morning after the online learning company reported a modest earnings beat in its fiscal Q4 2022 results last night. Analysts had expected 2U to earn only $0.21 per share for the quarter, and 2U topped that forecast with an adjusted profit of $0.23 per share. While 2U reported a profit for the quarter on a non-GAAP (adjusted) basis, when calculated according to generally accepted accounting principles (GAAP), 2U actually lost $0.15 per share.

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